11 Begon Spring 2020 BUS2101 Chapter 5 Homework Please handwrite your solutions and box or circle your finalwers Dolo accounting Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost Beginning Inventory 100 $7.25 2/10 Purchase 500 $745 3/17 Purchase 450 $7.50 5/29 Purchase 345 $7.60 7/25 Purchase $7,65 10/8 Purchase 100 $7.80 12/15 Purchase 300 $7.90 A physical count of inventory on December 31 revealed that there were 1,088 units on hand. Answer the following questions. Show your work like a solution manual! Box or Circle your final answers 500 1) What is the value of cost of goods sold & ending inventory under FIFO? 2) What is the value of cost of goods sold & ending inventory under LIFO? 3) What is the value of cost of goods sold & ending inventory under Average Cost (round out at least 2 decimal places for your average cost)? 1.111 units were 4) What is the value of cost of goods sold & ending inventory under FIFO sold instead? 5) What is the value of cost of goods sold & ending inventory under LIFO f 1.111 units were sold instead? 6) What is the value of cost of goods sold & ending inventory under Average Costi 1.111 units were sold instead (round out at least 2 decimal places for your average cost)